Zacks Investment Research Downgrades Kunlun Energy Comp (KLYCY) to Sell
Kunlun Energy Comp (NASDAQ:KLYCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Kunlun Energy Company Limited is an investment holding company. It engages in the business of exploration and production of crude oil and natural gas through its subsidiaries. The company’s operating segment consists of Exploration and Production, and Natural Gas Distribution. Exploration and Production segment engages in the exploration, development, production and sale of crude oil and natural gas. Natural Gas Distribution segment engages in the sale of natural gas and the transmission of natural gas primarily in China. KunLun Energy Co. Ltd. is headquartered in Hong Kong. “
Shares of Kunlun Energy Comp (KLYCY) opened at 9.568 on Tuesday. The company has a market cap of $7.72 billion and a price-to-earnings ratio of 86.982. The firm has a 50-day moving average of $9.50 and a 200 day moving average of $9.10. Kunlun Energy Comp has a one year low of $7.02 and a one year high of $10.28.
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